Freedom Investment Management Inc. Sells 395 Shares of Royal Caribbean Cruises Ltd. $RCL

Freedom Investment Management Inc. trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,564 shares of the company’s stock after selling 395 shares during the quarter. Freedom Investment Management Inc.’s holdings in Royal Caribbean Cruises were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock worth $5,890,943,000 after acquiring an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock worth $614,487,000 after acquiring an additional 535,043 shares during the last quarter. Nuveen LLC bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $358,614,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Royal Caribbean Cruises by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,332,682 shares of the company’s stock worth $273,786,000 after acquiring an additional 59,743 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of Royal Caribbean Cruises by 14.9% in the 1st quarter. National Pension Service now owns 992,579 shares of the company’s stock worth $203,915,000 after acquiring an additional 128,530 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Mizuho lowered their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. UBS Group upped their price target on shares of Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a report on Friday, August 8th. Truist Financial lowered their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.14.

Royal Caribbean Cruises Stock Down 0.1%

Shares of Royal Caribbean Cruises stock opened at $316.59 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $329.49 and its two-hundred day simple moving average is $293.16. The company has a market cap of $85.99 billion, a P/E ratio of 23.73, a PEG ratio of 0.95 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 12-month low of $164.01 and a 12-month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is presently 29.99%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This represents a 39.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,507 shares of company stock valued at $10,091,282 in the last three months. 6.95% of the stock is currently owned by company insiders.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.